Spread Trend Analysis Report
Prepared for you on Friday, October 30, 2020.
UP DOWN GC ULSD VS NYMEX HO SPREAD APR 21/APR 22 (NYMEX:QLT.J21-QLT.J22)
Long-Term Downtrend (-90) - QLT.J21-QLT.J22 is in a strong downtrend that is likely to continue. While QLT.J21-QLT.J22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QLT.J21-QLT.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QLT.J21-QLT.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QLT.J21-QLT.J22
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QLT.J21-QLT.J22
Based on our trend formula, QLT.J21-QLT.J22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).